About ShopSe
ShopSe is a Financial Services company based in Mumbai (India) founded in 2020 by Abhishek Nimonkar, Yagnesh Desai, and Pallav Jain. Payment platform offered for diverse business payment options. ShopSe has raised $11.81 million across 3 funding rounds from investors including Pentathlon Ventures, Beenext and Chiratae Ventures. The company has 160 employees. ShopSe was last valued at $68.66 million in May 2022. Its chief executive, as recorded, is Pallav Jain. Its website getshopse.com draws about 34 thousand monthly visits. Its Indian entity Newbazaar Technologies Private Limited reported revenue of ₹59.60 Cr. ShopSe offers products and services including Payment Acceptance Platform and EMI Solutions. Its focus areas include FinTech, Alternative Lending, Enablers and Lending-as-a-service.
Company details
ShopSe was founded in 2020 in Mumbai, India, within the fintech sector. A centralized payment platform is provided to businesses, enabling diverse options such as installment plans for credit card holders and new-to-credit customers. Payments are managed across online and offline channels through this system, supporting seamless transactions for various merchants.
- Headquarters Mumbai, India
- Employees 160
- Founders Abhishek Nimonkar, Yagnesh Desai, Pallav Jain
- Stage Minicorn
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website getshopse.com
- Social LinkedIn Facebook
- Legal Name Newbazaar Technologies Private Limited
- Date of Incorporation 13 Dec, 2019
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹59.60 Cr
FY 2025 · +6% YoY
- Net Loss-₹10.05 Cr
FY 2025 · -17% margin
- EBITDA-₹10.02 Cr
FY 2025 · -17% margin
- Total Equity Funding$11.81M (USD)
in 3 rounds
- Latest Funding Round$6.1M (USD), Series A
May 2022
- InvestorsPentathlon Ventures
& 15 more
- Employee Count160
Associated legal entities of ShopSe
ShopSe is associated with 2 registered companies on The Company Check; the primary company is Newbazaar Technologies Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Newbazaar Technologies Private Limited CIN U66190MH2019PTC392704 | Active | 13 Dec 2019 | Mumbai, Maharashtra | ₹59.6 Cr | 160 | 4 | View details |
| Newbazaar Technologies Private Limited CIN U74110MH2019PTC392704 | 13 Dec 2019 | Mumbai, Maharashtra, India | View details |
Products & Services of ShopSe
ShopSe offers a comprehensive portfolio of products and services, including Payment Acceptance Platform and EMI Solutions.
A centralized system is provided for accepting various payment types, including EMIs and full payments, to minimize transaction friction.
Instant EMI options are offered for customers with credit cards or pre-approved limits, facilitating easier access to financing.
Apps and channels of ShopSe
ShopSe publishes 1 mobile app with over 100K+ downloads.
Funding Insights of ShopSe
ShopSe has successfully raised a total of $11.81M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $6.1 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $11.81M
- Total Rounds 3
- Last Round Series A — $6.1M
- First Round $199,021
(Jun 2020)
- Investors Count 16
All 3 funding rounds of ShopSe with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2022 | $6.1M | Series A | $68.66M | White Venture Capital | |
| Apr 2021 | $5.51M | Seed | $16.42M | Chiratae Ventures, Beenext | |
| Jun 2020 | $199,021 | Angel Round | $••••• | Madhusudanan Rangarajan, Abhishant Pant |
| Date | Valuation | Stage |
|---|---|---|
| May 2022 | $68.66M | •••••••• |
| Apr 2021 | $16.42M | •••••••• |
| Jun 2020 | $••••• | •••••••• |
Full valuation and stage history of ShopSe
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $68.66M (May 2022). 16 investors in total: 7 institutional and 9 angel.
Investors in ShopSe
ShopSe has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Pentathlon Ventures, Beenext and Chiratae Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital fund | beenext.com | Singapore, Singapore | ||
Venture capital fund focused on seed-stage startups | chiratae.com | Bengaluru, India | ||
Venture capital fund focused on fintech startups | whiteventurecap.com | Singapore, Singapore | ||
Investing in seed-stage B2B SaaS companies with a focus on digital transformation and emerging tech in India. | 2020 | pentathlon.vc | Pune, India | |
Sector-agnostic acceleration is provided to startups by Alacrity. | alacrity.co | Kanata, Canada | ||
Opus is recognized as a trusted knowledge work AI platform. | opus.com | New York, United States | ||
IT services specializing in payment processing and gateways are provided. | opusconsulting.com | Alpharetta, United States | ||
AP Abhishant Pant | Founder of The Fintech Meetup, ex-RBI, active angel investor in fintech | unknown_8fb44d1a5f93465ab | ||
MR Madhusudanan Rangarajan | Angel investor, ex-Google, focused on tech startups in India. | unknown_afc47407e42d4b10a | ||
SB Subhrajit Basu | unknown_22b74a5eb191432eb |
Investor details for ShopSe
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Newbazaar Technologies Private Limited (ShopSe)
Newbazaar Technologies Private Limited is the primary company behind ShopSe. The board of Newbazaar Technologies Private Limited currently have 4 directors; the longest-serving is Pallav Jain, appointed in 2019. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pallav Jain DIN 08638776 | Director | 13 Dec 2019 | 6 yrs 11 mo | Newbazaar Technologies Private Limited |
| Desai Chander Yagnesh DIN 08729442 | Director | 20 Mar 2020 | 6 yrs 7 mo | Newbazaar Technologies Private Limited |
| Abhishek Nimonkar DIN 08728363 | Director | 20 Mar 2020 | 6 yrs 7 mo | Newbazaar Technologies Private Limited |
| Meenakshi Sundaram DIN 01096264 | Director | 06 Jul 2021 | 5 yrs 4 mo | Newbazaar Technologies Private Limited |
People of ShopSe
15 people are tracked at ShopSe (6 in leadership, 9 in team); the tracked headcount is 160.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
Anand Kumar | Associate Director HR | Leadership |
Niral P. | Business Head-insurance | Leadership |
Atanu Dutta | Head Of Design | Leadership |
Shubham Jain | National sales manager | Team |
Sonakshi Tiwari | Sales Manager | Team |
surajkumar kori | Merchant Onboarding Risk and Payment settlement | Team |
Jorrigala Vikas | Business Development Executive | Team |
Mohammad Rashid Khan | Territory Sales Manager | Team |
Mr.Vishal suvarnkar | Business Development Executive | Team |
Arvind Rawat | Business Development Executive | Team |
Sabadara Subham Jain | National Sales Manager | Team |
Manikandan Thiruvengadam | Strategic Alliances & Partnerships - Consumer Affordability | Team |
Complete people profiles for ShopSe
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of ShopSe
Figures of Newbazaar Technologies Private Limited, the primary company behind ShopSe, for FY 2025. Revenue was ₹59.60 Cr (+6% year on year). Net loss was -₹10.05 Cr (-17% margin). EBITDA was -₹10.02 Cr (-17% margin). Revenue has grown at a compounded annual rate of +23% over three years.
- ₹59.60 CrRevenue · FY 2025 · +6% YoY
- -₹10.05 CrNet loss · -17% margin
- -₹10.02 CrEBITDA · -17% margin
- ₹17.7 LakhPaid-up capital
- 160Employees (provident fund records)
- +23%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Newbazaar Technologies Private Limited are on its company page.
Detailed financial statements for ShopSe
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of ShopSe
4 dated milestones of ShopSe across 2 years, from founding to its latest funding, stage changes and deals.
- Founded ShopSe is founded.
- Funding First funding round of $199K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $6.1M.
Web traffic of ShopSe
The website of ShopSe (getshopse.com) receives about 34.2K visits a month.
- Monthly visits34.2K
▲ 10.3% vs previous month
Websites whose visitors overlap most with ShopSe. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| planetspark.in | 100% | 2.1M | #20,313 | View details |
Top companies in Alternative Lending
3 companies that operate in the same segment as ShopSe (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 320.39 M | USD 185.7 M | 2,787 |
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Frequently Asked Questions about ShopSe
ShopSe was founded in 2020.
ShopSe is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Pallav Jain is the CEO of ShopSe, as recorded in our data. They have also founded this company.
ShopSe is a funded company, having raised a total of $11.81M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $199.02K, raised on Jun 2020.
ShopSe has 160 employees.
The primary company behind ShopSe, Newbazaar Technologies Private Limited, reported revenue of ₹59.60 Cr for FY 2025, up 6% year on year.
ShopSe was founded in 2020 in Mumbai, India, within the fintech sector. A centralized payment platform is provided to businesses, enabling diverse options such as installment plans for credit card holders and new-to-credit customers. Payments are managed across online and offline channels through this system, supporting seamless transactions for various merchants.
ShopSe offers Payment Acceptance Platform and EMI Solutions.
ShopSe has 16 investors. Key investors include Pentathlon Ventures, Beenext, Chiratae Ventures, White Venture Capital, and Opus.
The valuation of ShopSe is $68.66M as of May 2022.
ShopSe operates through Newbazaar Technologies Private Limited.
The legal entities of ShopSe currently have 4 directors, including Desai Chander Yagnesh, Abhishek Nimonkar, Pallav Jain and others.